How to explain modern American politics in one chart

https://paulkrugman.substack.com/p/the-billionaires-war

#USPol

@jalefkowit I suspect this charts says more about the number of billionaires than about how much rich folk are donating.

@KeithWM The percentage is of the total volume of dollars contributed, not the number of contributors.

https://americansfortaxfairness.org/billionaires-buying-elections-theyve-come-to-collect/

Billionaires Buying Elections: They’ve Come to Collect - Americans For Tax Fairness

KEY FINDINGS Just 100 billionaire families poured a record-breaking $2.6 billion into federal elections in 2024, one of every six dollars spent altogether by all candidates, parties and committees.  That’s two-and-a-half times the roughly $1 billion spent by individual billionaire donors in 2020.  Billionaire political spending is up 160-fold since the Supreme Court’s 2010 Citizens …

Americans For Tax Fairness

@jalefkowit @KeithWM

The wealthy are also laying fields of landmines to torpedo democracy for decades to come.

Dead billionaires can buy elections long after they pass away, thanks to their think tanks, tax havens, & trust funds.

Corporate personhood violates one person, one vote democracy.

Bradley passed away in 1965. His money is close to buying the overturn of the Voting Rights Act and disenfranchising women.

2010 is when a corrupt Supreme Court turned on democracy.

1/

Former staff show how Trump acted to upend EPA's mission and "make America sicker"

Their new report details relaxed restrictions on dangerous chemicals in food, consumer products, water and air.

Mother Jones

@Npars01 @jalefkowit @KeithWM Gonna argue that it happened in 2000 when Sandra Day decided Shrub should be president so a democrat wouldn't pick her replacement.

But yeah...

@Npars01 And to think it looked like you guys had it all sorted in the 18th century while were still messing around with our monarchs...

@jalefkowit I understood that. But if you're simply checking if someone's wealth (by some measure) if over a billion and counting only those donations, overall inflation and increasing imbalance in distribution of wealth will give an increase in their share, even if it's the exact same people donating the same relative share.

Not really to argue the point of the graph, but it's shaky.

@jalefkowit

The law, in its majestic equality, permits the rich and poor alike to bribe politicians.
@jalefkowit yeeeeeeeep. Every billionaire anywhere is a crime against humanity.

@jalefkowit "they know that [Trump's] vindictive, unlawful tactics will never touch their lives"

That sounds a tad optimistic. How long before the US oligarchy starts getting nervous around open windows?

@jalefkowit it’s the Epstein Class…
@jalefkowit Take away that court ruling, and despite the propaganda and the pre-existing misogyny and racism, and today's fascist America probably doesn't exist.
@jalefkowit Stephen Colbert tried to warn us
@jalefkowit And the next column in that chart will jump into the stratosphere.